Based on the attached chart for the SAHARA/USDT pair on the 15-minute timeframe, here's the technical analysis and current scalp trading recommendation:
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š Technical Analysis:
1. Overall Trend:
The price is in a clear downtrend.
Lower highs and lower lows are forming consistently.
A temporary bottom was recorded at 0.08124, followed by a weak bounce.
2. Moving Averages (MA):
MA(7): 0.08165 (close to current price)
MA(25): 0.08216
MA(99): 0.08194
The price is currently below all moving averages ā bearish signal confirming continued selling pressure.
3. MACD Indicator:
DIF = -0.00030
MACD = -0.00004
Bearish crossover occurred earlier, but currently showing weak bearish momentum (lines are converging).
A slight bounce might occur, but it's still uncertain.
4. Support & Resistance Levels:
Strong support: 0.08100 ā 0.08124 (tested multiple times).
Resistance levels: 0.08180, then 0.08216 (MA25).
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ā Scalping Trade Suggestion:
Action Entry Price Target 1 Target 2 Stop Loss
Buy 0.08100 ā 0.08120 0.08180 0.08216 0.08080
š Only buy if price retests the support zone with a clear reversal candle.
š Avoid selling unless the price closes below 0.08080 with strong bearish confirmation.
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ā ļø Notes:
Market is weak with inconsistent volume.
Recommended for quick scalp trades only.
Keep an eye on BTC movement, as it heavily affects SAHARA.
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